Karp Capital Management Corp Has $7.04 Million Stock Position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Karp Capital Management Corp raised its stake in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 9.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,200 shares of the exchange traded fund’s stock after purchasing an additional 4,430 shares during the quarter. iShares 20+ Year Treasury Bond ETF accounts for 2.1% of Karp Capital Management Corp’s portfolio, making the stock its 11th largest holding. Karp Capital Management Corp’s holdings in iShares 20+ Year Treasury Bond ETF were worth $7,040,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Morgan Stanley raised its stake in shares of iShares 20+ Year Treasury Bond ETF by 202.7% in the second quarter. Morgan Stanley now owns 10,471,970 shares of the exchange traded fund’s stock valued at $1,390,782,000 after acquiring an additional 7,012,365 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of iShares 20+ Year Treasury Bond ETF by 179.4% in the second quarter. Wells Fargo & Company MN now owns 3,014,474 shares of the exchange traded fund’s stock valued at $400,353,000 after acquiring an additional 1,935,508 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of iShares 20+ Year Treasury Bond ETF in the second quarter valued at approximately $198,554,000. Envestnet Asset Management Inc. raised its stake in shares of iShares 20+ Year Treasury Bond ETF by 67.2% in the third quarter. Envestnet Asset Management Inc. now owns 3,076,862 shares of the exchange traded fund’s stock valued at $440,237,000 after acquiring an additional 1,236,995 shares during the last quarter. Finally, Charles Schwab Investment Advisory Inc. raised its stake in shares of iShares 20+ Year Treasury Bond ETF by 59.6% in the second quarter. Charles Schwab Investment Advisory Inc. now owns 1,688,438 shares of the exchange traded fund’s stock valued at $224,241,000 after acquiring an additional 630,734 shares during the last quarter.

Shares of NASDAQ:TLT traded down $0.57 during trading on Friday, reaching $134.91. The stock had a trading volume of 10,222,800 shares, compared to its average volume of 9,967,413. The business’s 50-day moving average price is $140.92 and its 200 day moving average price is $135.52. iShares 20+ Year Treasury Bond ETF has a 52 week low of $112.72 and a 52 week high of $148.90.

Separately, ValuEngine upgraded shares of iShares 20+ Year Treasury Bond ETF from a “sell” rating to a “hold” rating in a research note on Friday, October 25th.

About iShares 20+ Year Treasury Bond ETF

iShares 20+ Year Treasury Bond ETF (the Fund) is an exchange-traded fund. The Fund seeks to track the investment results of an index composed of United States Treasury bonds with remaining maturities greater than 20 years. The Fund seeks to track the investment results of the Barclays U.S. 20+ Year Treasury Bond Index (the Underlying Index), which measures the performance of public obligations of the United States Treasury that have a remaining maturity of 20 or more years.

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Institutional Ownership by Quarter for iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

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